Property Overview
130 Evelyne Reese Boulevard is a modern two-storey home in Winnipeg's Fraipont neighbourhood. Built in 2019, it offers 1,492 sqft of living space with a renovated basement. The property sits on a compact 2,263 sqft lot and does not include a garage or pool. Its current assessed value is $420,000.
Key Characteristics & Appeal
This home’s primary appeal lies in its modern construction and move-in-ready condition, requiring little immediate upkeep. The renovated basement adds valuable flexible space. While the living area is comfortably sized and modern, the lot is notably smaller than most in Fraipont and city-wide, which translates to less yard maintenance but also less private outdoor space.
It would suit first-time buyers or young professionals seeking a newer, low-maintenance home in a developed area. It’s less suited for those prioritizing a large yard, extensive gardening, or vehicle storage, given the lack of a garage. A thoughtful perspective is that while the home ranks average or above for its year and size on its own street, its compact lot is a significant trade-off for the neighbourhood, offering a more urban, low-maintenance lifestyle within a suburban setting.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s $420,000 assessed value is around the city-wide average but is below the average for the larger Fraipont area, where comparable homes are assessed higher. This may present a relative value opportunity within the neighbourhood.
2. What are the implications of the smaller lot size?
At 2,263 sqft, the lot is significantly smaller than most in Fraipont (ranking in the bottom 3% of the area). This means minimal yard maintenance but also limited potential for expansions like a large deck, garage, or addition, which is an important consideration for future plans.
3. Is the home’s price consistent with recent sales on the street?
Based on available data, a similar-sized home a few doors away sold for between $345,000 and $375,000 in early 2021. The current assessed value of $420,000 reflects market changes since that time, but reviewing more recent comparable sales is advised.
4. What does the “renovated basement” include?
The listing confirms a renovated basement but does not specify the finishes or layout. Buyers should inquire about the quality of the renovation, whether it includes a proper egress, and if it adds legal living space or bedrooms.
5. Why is there no garage, and what are the parking options?
The home was built without a garage. Prospective buyers should verify on-street parking regulations or the possibility of adding a driveway or parking pad, as the compact lot may present challenges.